April 24, 2002

District Attorney Nola Foulston announced that the District Attorney's Office has filed a Journal Entry of Consent Judgment against Biker's Edge Cycle and Leather, LLC. (Biker's Edge), a local dealer of new and used motorcycles that does business at 1201 East Central.  The Judgment was agreed to by the parties following an investigation conducted by the Consumer Fraud and Economic Crime Division of the District Attorney's Office.

This judgment found that an employee of Biker's Edge, now terminated:

1.    Prepared, obtained and presented documents to finance companies knowing that they misrepresented amounts of down payments made by some consumers;

2.    Caused incorrect information to be provided to finance companies concerning whether or not consumers had actually made purchases, thereby securing for Biker's Edge funds from finance companies as if a purchase had been made; and

3.    Falsified down payment amounts, purchase prices, interest rates, signatures and other material information on consumer contracts in such a manner as to increase the purchase price of their motorcycle(s).

The Judgment was entered by Judge Richard Ballinger.  The Judgment restrains Biker's Edge, its agents, employees, representatives, salespersons and/or others acting on its behalf from engaging in such acts or practices in the future. The judgment orders Biker's Edge to pay restitution, penalties, fees and costs in the amount of $25,000.00.